Pemex and Petrobras Bet Big on High-Risk High-Reward Drilling Off Mexico
Mexico’s state oil firm Pemex and Brazil’s national oil company Petrobras are joining efforts and expertise to drill…
Petrobras Finds Hydrocarbons in First Amapá Offshore Discovery
Brazilian state-controlled oil giant Petrobras has identified hydrocarbons in an exploration well being drilled in ultra-deep waters off…
Record production lifts Petrobras Q2 profit to $10.4 billion
(WO) — Petrobras reported record oil production during the second quarter of 2026, helping drive net income to…
Why the Market Dipped But Petrobras (PBR) Gained Today
In the latest close session, Petrobras (PBR) was up +2.88% at $18.59. This change outpaced the S&P 500’s…
Petrobras Q2 Oil and Gas Output Hits Record as Refining Runs Reach New High
Petrobras reported record oil and gas production in the second quarter of 2026, as new floating production units…
Brazil’s ANP Reforms Natural Gas Market, Opens LNG Terminals and Pipelines to More Companies, Raising Hopes for Lower Future Bills
An important change for the Brazilian natural gas market was approved this Friday, June 26, 2026. The National…
Brazil’s Oil Exports to China Double as Iran War Upends Crude Flows
Brazil more than doubled the volume of its oil exports to China, with export values also nearly doubling,…
Petrobras Q1 Profit Falls Despite Record Oil Output
Brazil’s state-controlled oil producer Petrobras reported first-quarter 2026 net income of 32.7 billion reais ($6.2 billion), down 7.2%…
Petrobras, Shell, TotalEnergies, and Petrogal formalize production split for Brazilian oil field duo
Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP) has disclosed the go-ahead for the production individualization…
Oil drilling fuels a migrant surge in isolated city in Brazil’s Amazon
OIAPOQUE, Brazil — On a recent morning, Reginaldo Nunes Fonseca smoked cigarettes from the porch of his friend’s wooden shack,…
Transocean’s rig trio scoops up $1 billion for drilling jobs in Norway and Brazil
Switzerland-based offshore drilling contractor Transocean has found more work for a harsh environment semi-submersible in Norway and two…
Namibia’s energy ministry blasts TotalEnergies, Petrobras for not following procedure
WINDHOEK, Feb 8 (Reuters) – Namibia is concerned that TotalEnergies and Petrobras had acquired new offshore positions in…